Overview

• Bitcoin surged above $110,000 on June 9 before settling around $109,000, triggering liquidations of over $330 million in short positions.
• Ethereum climbed above $2,640 and Dogecoin rose more than 5%, driving the global crypto market capitalization up about 4% to $3.44 trillion.
• Renewed optimism from US-China trade talks in London has underpinned broad-based crypto gains this week.
• Analysts warn that resistance near all-time highs and macroeconomic uncertainties could constrain the rally until Wednesday’s US CPI report.
• Institutional staking of Ethereum is expanding rapidly after the Pectra upgrade introduced execution layer triggerable withdrawals for large-scale participants.